zerohedge.com / by Tyler Durden / May 5, 2017 4:54 PM
The trade war between North America’s two biggest economies is just getting started.
Ten days after Trump unexpectedly imposed duties on Canadian softwood exports drawing loud protests from domestic lumber companies, the Canadian government has threatened to retaliate with multiple trade actions against the US, demanding a long-term deal without which several American industries could soon be targeted.
Canada’s Prime Minister Justin Trudeau said he would launch the first salvo in a letter to B.C. Premier Christy Clark, informing her that he’s seriously considering her request for a ban on thermal coal exports and that it’s being explored by federal trade officials. The second threat: a direct tit-for-tat escalation, with possible duties against Oregon-based industries. That also happens to be the home state of a Democratic senator, Ron Wyden, who has been a hardliner on the lumber dispute.
Read more ... source: The Bitcoin Channel
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